BALANCED BUDGET
CHINA’S HAPPY POSITION. REPLY TO MALICIOUS PROPAGANDA. (United Press Assn. —Telegraph Copyright.) (Rec. 10.50 p.m.) Shanghai, Dec. 20. Mr T. Y. Soong, the Chinese Minister of Finance, addressing the Central Executive Committee of the Kuomintang, stated that despite the world depression, the slump in silver, which had largely increased the amounts pay - able as interest in the amortization of foreign loans, the non-remittance of revenues from Manchuria and other drains on the National Treasury, China was able to balance this year’s Budget, which he urged was a happy augury for China’s future and sufficient to refute malicious propaganda depicting China as a disorganized State verging on anarchy. Mr Soong predicts a further improvement in future years if China’s military expenditure is kept within reasonable limits, as it has been this year.
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Bibliographic details
Southland Times, Issue 21895, 22 December 1932, Page 5
Word Count
133BALANCED BUDGET Southland Times, Issue 21895, 22 December 1932, Page 5
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